<SUBMISSION>
<ACCESSION-NUMBER>0000895813-01-500197
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20011026
<ITEMS>5
<ITEMS>7
<FILING-DATE>20011030
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>FIRST MID ILLINOIS BANCSHARES INC
<CIK>0000700565
<ASSIGNED-SIC>6022
<IRS-NUMBER>371103704
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-13368
<FILM-NUMBER>1770677
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1515 CHARLESTON AVE
<STREET2>PO BOX 499
<CITY>MATTOON
<STATE>IL
<ZIP>61938
<PHONE>2172347454
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1515 CHARLESTON AVENUE
<STREET2>PO BOX 499
<CITY>MATTOON
<STATE>IL
<ZIP>61938
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>x1030-8k.txt
<TEXT>


                                UNITED STATES

                     SECURITIES AND EXCHANGE COMMISSION

                           WASHINGTON, D.C. 20549

                                  FORM 8-K

                               CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF
                     THE SECURITIES EXCHANGE ACT OF 1934


              DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
                              October 26, 2001


                     FIRST MID-ILLINOIS BANCSHARES, INC.
           (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


                                  DELAWARE
               (STATE OR OTHER JURISDICTION OF INCORPORATION)


                0-13368                            37-1103704
        (COMMISSION FILE NUMBER)        (IRS EMPLOYER IDENTIFICATION NO.)


                  1515 CHARLESTON AVENUE, MATTOON, IL 61938
         (ADDRESS INCLUDING ZIP CODE OF PRINCIPAL EXECUTIVE OFFICES)


                               (217) 234-7454
            (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)


   Item 5.   Other Events

   Incorporated by reference are a letter to shareholders ("Letter")and a
   press release issued by the Registrant on October 26, 2001, attached
   as Exhibits 99.1 and 99.2, respectively, providing information
   concerning the Registrant's financial results as of and for the nine
   months ended September 30, 2001, and the Registrant's announcement
   that its Board of Directors authorized (1) a three-for-two stock split
   in the form of a 50 percent stock dividend to holders of record of
   shares of Common Stock as of October 26, 2001, payable on November 16,
   2001, and (2) the repurchase of up to an aggregate of $3 million of
   additional shares of Registrant's Common Stock.  Attached to the
   Letter are the unaudited condensed consolidated balance sheets,
   statements of income, and statements of changes in stockholders'
   equity as of and for the nine months ended September 30, 2001.


   Item 7.   Financial Statements and Exhibits

        (c)  Exhibits

        Exhibit 99.1 - Letter to shareholders dated October 26, 2001 and
        unaudited financial statements as of and for the nine months
        ended September 30, 2001.

        Exhibit 99.2 - Press release issued October 26, 2001.


                                  SIGNATURE

        Pursuant to the requirements of the Securities Exchange Act of
   1934, the Registrant has duly caused this Report to be signed on its
   behalf by the undersigned hereunto duly authorized.

                                      FIRST MID-ILLINOIS BANCSHARES, INC.



   Dated: October 30, 2001            By:  /s/ William S. Rowland
                                           ------------------------------
                                           William S. Rowland
                                           President and Chief
                                           Executive Officer


                                EXHIBIT INDEX
                                -------------

   Exhibit
   Number                        Description
   -------                       -----------

   99.1                          Letter to shareholders dated October 26,
                                 2001 and unaudited financial statements
                                 as of and for the nine months ended
                                 September 30, 2001.

   99.2                          Press release issued October 26, 2001.




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>xex-99_1.txt
<TEXT>



                                                             EXHIBIT 99.1
                                                             ------------

                                 October 26, 2001


   Quarterly Report to the Owners,
   First Mid-Illinois Bancshares, Inc.

   Our financial results for the first nine months of 2001 were good with
   net income amounting to $4,772,000 -- a 13 percent increase over the
   $4,209,000 we earned during the same period in 2000.  Improved net
   interest income as well as increases in mortgage banking and service
   charge revenues were the primary drivers of our improved performance.
   We also continue to grow our banking franchise, as evidenced by the
   increase in loans -- $467.2 million at September 30, 2001 as compared
   to $429.3 million at December 31, 2000 -- and deposits -- $555.8
   million at September 30, 2001, as compared to $504.0 million at
   December 31, 2000.

   Because of our financial results, the Board of Directors declared a
   three-for-two stock split in the form of a 50 percent stock dividend
   to be paid to shareholders of record as of October 26, 2001, payable
   on November 16, 2001.  All share and per share information for current
   and prior periods presented have been adjusted to reflect the stock
   split. The stock dividend will increase the number of shares
   outstanding by approximately 1.1 million shares.  Shareholders of
   record on October 26, 2001 can expect to receive specific information
   concerning their stock dividend shortly after November 16, 2001.

   The Board has also authorized the repurchase, in the open market or in
   privately negotiated transactions, of up to an aggregate of $3 million
   of additional shares of common stock. Shareholders who wish to learn
   more about the  aforementioned stock dividend or the repurchase,
   should contact Ms. Christie L. Burich, Manager of Shareholder
   Services, at 217/258-0493 or me at 217/258-0415.

   As we are all aware, the tragic events of September 11, 2001 have
   changed our lives and the way we view our surroundings forever.  The
   total impact of these events on the American economy and our way of
   life in general will not be completely known for many months or years.
   We do anticipate some slowing of economic activity as well as
   additional banking regulations as Congress determines how the banking
   system can best function as a resource in America s war on terrorism.
   As Chairman and CEO, I want to assure you that your Company is
   prepared for the challenges ahead.  We will do whatever is required to
   support our Government, as well as to be a trusted provider of
   financial services to the citizens of this great country.

                                 Sincerely,


                                 William S. Rowland
                                 Chairman and Chief Executive Officer

<TABLE>
<CAPTION>


       CONDENSED CONSOLIDATED BALANCE SHEETS
       (In thousands, except share data)   (unaudited)                                        September 30,    December 31,
       ------------------------------------------------------------------------------         ------------     -----------
       <s>                                                                                      <c>              <c>
                                                                                                  2001             2000
                                                                                                  ----             ----
       ASSETS
       Cash and due from banks                                                                  $ 30,155         $ 22,115
       Federal funds sold                                                                         12,300            2,725
       Investment securities:
         Available-for-sale, at fair value                                                       142,812          150,034
         Held-to-maturity, at amortized cost (estimated fair
           value of $2,777 and $2,800 at September 30, 2001
           and December 31, 2000, respectively)                                                    2,692            2,757
       Loans                                                                                     467,229          429,288
       Less allowance for loan losses                                                             (3,786)         (3,262)
                                                                                                --------      --------
         Net loans                                                                               463,443         426,026
       Premises and equipment, net                                                                16,922           15,375
       Intangible assets, net                                                                     12,704           12,150
       Other assets                                                                               11,344           11,817
                                                                                                --------         --------
         TOTAL ASSETS                                                                           $692,372         $642,999
                                                                                                ========         ========
       LIABILITIES AND STOCKHOLDERS' EQUITY
       Deposits:
         Non-interest bearing                                                                   $ 71,426         $ 66,646
         Interest bearing                                                                        484,336          437,339
                                                                                                --------         --------
           Total deposits                                                                        555,762          503,985
       Repurchase agreements with customers                                                       34,364           31,096
       Other borrowings                                                                           28,300           40,300
       Long-term debt                                                                              4,325            4,325
       Other liabilities                                                                           5,553            5,566
         TOTAL LIABILITIES                                                                      $628,304         $585,272
                                                                                                ========         ========
       Stockholders' Equity
       Common stock ($4 par value; authorized 6,000,000 shares;
         issued 3,542,634 shares in 2001 and 3,488,204 shares in 2000)                           $14,171           $9,302
       Additional paid-in-capital                                                                 13,219           12,293
       Retained earnings                                                                          38,566           39,169
       Deferred compensation                                                                       1,351            1,218
       Accumulated other comprehensive income (loss)                                               1,710             (288)
       Treasury stock at cost, 166,563 shares in 2001 and 128,106 shares in 2000                  (4,949)          (3,967)
                                                                                                --------         --------
         TOTAL STOCKHOLDERS' EQUITY                                                               64,068           57,727
                                                                                                --------         --------
         TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                             $692,372         $642,999
                                                                                                ========         ========


     The share information has been adjusted to reflect the three-for-two stock split payable on November 16, 2001.



       CONDENSED CONSOLIDATED STATEMENTS OF INCOME

       (In thousands)   (unaudited)
       -----------------------------------------------------------------------------------------------------------------
       For the nine-month period ended September 30,                                               2001              2000
                                                                                                   ----              ----
       INTEREST INCOME:
       Interest and fees on loans                                                                $ 27,765          $ 25,641
       Interest on investment securities                                                            6,309             6,856
       Interest on federal funds sold                                                                 285                97
           Total interest income                                                                   34,359            32,594
                                                                                                  -------           -------
       INTEREST EXPENSE:
       Interest on deposits                                                                        14,714            13,386
       Interest on repurchase agreements with customers                                               779               943
       Interest on other borrowings                                                                 1,244             1,778
       Interest on long-term debt                                                                     189               244
                                                                                                  -------           -------
           Total interest expense                                                                  16,926            16,351
                                                                                                  -------           -------
       NET INTEREST INCOME                                                                         17,433            16,243
       Provision for loan losses                                                                      450               400
                                                                                                  -------           -------
       Net interest income after provision for loan losses                                         16,983            15,843
       Other income:
       Trust revenues                                                                               1,426             1,362
       Brokerage revenues                                                                             271               370
       Service charges                                                                              2,309             1,836
       Securities gains (losses), net                                                                 154               (3)
       Mortgage banking income                                                                        764               261
       Other                                                                                        1,368               915
                                                                                                  -------           -------
         Total other income                                                                         6,292             4,741
       OTHER EXPENSE:
       Salaries and employee benefits                                                               8,152             7,545
       Net occupancy and equipment expense                                                          2,899             2,702
       Federal deposit insurance premiums                                                              73                76
       Amortization of intangible assets                                                              916               896
       Other                                                                                        4,291             3,682
                                                                                                  -------           -------
         Total other expense                                                                       16,331            14,901
                                                                                                  -------           -------
       Income before income taxes                                                                   6,944             5,683
       Income taxes                                                                                 2,172             1,474
                                                                                                  -------           -------
       NET INCOME                                                                                 $ 4,772           $ 4,209
                                                                                                  =======           =======



       CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

       (in thousands)   (unaudited)
       -----------------------------------------------------------------------------------------------------------------

       For the nine-month period ended September 30,                                               2001              2000
                                                                                                   ----              ----
       Balance at beginning of period                                                           $ 57,727          $ 51,518
       Net income                                                                                  4,772             4,209
       Issuance of stock                                                                           1,072               736
       Purchase of treasury stock                                                                   (850)           (1,637)
       Change in accumulated other comprehensive income (loss)                                     1,998               945
                                                                                                --------          --------
       Balance at end of period                                                                 $ 64,068          $ 55,163
                                                                                                ========          ========





       PER SHARE INFORMATION
       ----------------------------------------------------------------------------------------------------------------
                                                                                                   2001              2000
                                                                                                   ----              ----
       For the nine-month period ended September 30,                                              $ 1.41            $ 1.41
       Basic earnings per share                                                                   $ 1.41            $ 1.23
       Diluted earnings per share                                                                 $18.98            $16.37







     The per share information has been adjusted to reflect the three-for-two stock split payable on November 16, 2001.

</TABLE>





                     First Mid-Illinois Bancshares, Inc.
                           1515 Charleston Avenue
                           Mattoon, Illinois 61938
                               (217) 234-7454
                              www.firstmid.com

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>xex-99_2.txt
<TEXT>


                                                             EXHIBIT 99.2
                                                             ------------

   FOR IMMEDIATE RELEASE

   CONTACT:  FIRST MID-ILLINOIS BANK
             William S. Rowland
             Chairman & CEO
             217-258-0415

   First Mid-Illinois Bancshares, Inc. announced its results for the
   nine-month period ending September 30, 2001.  Earnings amounted to
   $4,772,000, a 13 percent improvement from the $4,209,000 the Company
   reported during the same period in 2000.

   Chairman and Chief Executive Officer, William S. Rowland said, "We are
   pleased with our financial performance as well as with the overall
   growth of our banking franchise."  At September 30, 2001, loan totals
   amounted to $467 million compared to $429 million at the beginning of
   the year.  Deposits also increased and totaled $556 million at
   September 30, 2001.

   Rowland also announced the authorization by the Board of Directors of
   a three-for-two stock split.  A 50 percent stock dividend will be paid
   to shareholders of record as of October 26, 2001, payable on November
   16, 2001.  This stock dividend will increase the number of shares
   outstanding by approximately 1.1 million shares.  Shareholders of
   record on October 26 can expect to receive specific information
   concerning their stock dividend shortly after November 16, 2001.  The
   Board also authorized the repurchase, in the open market or in
   privately negotiated transactions, up to an aggregate of $3 million of
   additional shares of common stock.

   "The tragic events of September 11 have changed our lives and the way
   we view our surroundings.  While the total impact on our national and
   local economy may not be known for many months or years, we do
   anticipate some slowing of economic activity as well as additional
   banking regulations as Congress determines how the banking system can
   best function as a resource in America's war on terrorism.  Whatever
   the future holds, First Mid-Illinois Bancshares will be prepared and
   will continue to be a trusted provider of financial services," Rowland
   said.

   First Mid-Illinois Bancshares, Inc. is headquartered in Mattoon and is
   the parent company for First Mid-Illinois Bank & Trust, N.A., First
   Mid-Illinois Insurance Services, Inc., and Mid-Illinois Data Services,
   Inc.  The company operates 22 banking centers in 15 communities,
   including: Mattoon, Charleston, Decatur, Effingham, Highland, Neoga,
   Pocahontas, Sullivan, Altamont, Arcola, Tuscola, Taylorville,
   Monticello, De Land and Urbana.  More information about First Mid-
   Illinois Bancshares is available at www.firstmid.com, or call 217-234-
   7454.
                                    -END-

</TEXT>
</DOCUMENT>
</SUBMISSION>
